5601 Virginia, McKinney, Texas

$4,000,000

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Property Details

MLS ID: 20272378

Status: Active

Price: $4,000,000

Acres: 1.15±

Type: Office Building, Commercial

Address: 5601 Virginia

City, State: McKinney, TX

County: Collin County

ZIP Code: 75071

Lat/Long: 33.19812, -96.69139

Parcel Number: R419000 A00301

Year Built: 2000

Description

100% LEASED AT CLOSING WITH MASTER LEASE IN PLACE!!! 7.25% CAP! REMAX Associates is pleased to present The Virginia Center, a 11,116 SF office building in McKinney, TX. The Virginia Center consists of a 2 building multi-tenant office space situated on approximately 1.15 acres. Built in 2000, the Property features wood framed construction and an ample parking ratio of 4.45 per 1,000 SF. The building is currently occupied by 4 tenants, providing an excellent opportunity to add value through leasing the additional 2 units. Front units 1 and 1A are currently vacant and advertised as for lease for $20 a sqft plus $8 NNN. Owner will master lease the 2 units for 6 months. The Property is ideally-located just east of Ridge Rd, with quick access to HWY 380, US 75, and numerous nearby amenities.

Directions: East on Virginia from Ridge. Property on the right.

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Robert Bong

Capitol Ranch Real Estate, LLC

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Robert Bong

Capitol Ranch Real Estate, LLC

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You may not reproduce or redistribute this data, it is for viewing purposes only. This data is deemed reliable, but is not guaranteed accurate by the MLS or NTREIS. This data was last updated on: November 22, 2024 at 12:00:00 AM UTC

Listed By: Renee Hudson of Re/max Associates Of Mansfield